[Hyundai Motor Launches Internal Cross-Border Remittance System on Avalanche Blockchain] According to CoinDesk, Hyundai Motor has launched an internal cross-border remittance system on the Avalanche blockchain, becoming the first major South Korean company to publicly adopt stablecoins for cross-border treasury settlements. In the initial pilot phase, Hyundai Motor's U.S. subsidiary transferred $20,000 to its Mexican subsidiary. The funds were first converted to USDT and then back to USD, with an average processing time of approximately 7 minutes, significantly shorter than the 3 to 4 hours required for traditional bank transfers. This project is led by Hyundai Card, Hyundai's credit card division, and will later expand to include more cross-border channels and currencies. Plans are also in place to collaborate with Circle and Visa in Europe for a second-phase pilot to test local currency settlements and foreign exchange costs.